BSCV vs. LQDW
BSCV (Invesco BulletShares 2031 Corporate Bond ETF) and LQDW (iShares Investment Grade Corporate Bond Buywrite Strategy ETF) are both Corporate Bonds funds - BSCV tracks the Invesco BulletShares Corporate Bond 2031 Index while LQDW tracks the CBOE LQD BuyWrite Index. Both are passively managed. Over the past 3 years, BSCV returned 5.70%/yr vs 3.74%/yr for LQDW. A 0.79 correlation means they provide meaningful diversification when combined. BSCV charges 0.10%/yr vs 0.34%/yr for LQDW.
Performance
BSCV vs. LQDW - Performance Comparison
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Returns By Period
In the year-to-date period, BSCV achieves a -0.09% return, which is significantly lower than LQDW's 1.79% return.
BSCV
- 1D
- -0.52%
- 1M
- 0.43%
- YTD
- -0.09%
- 6M
- 0.26%
- 1Y
- 4.69%
- 3Y*
- 5.70%
- 5Y*
- —
- 10Y*
- —
LQDW
- 1D
- -0.03%
- 1M
- 1.79%
- YTD
- 1.79%
- 6M
- 1.96%
- 1Y
- 6.61%
- 3Y*
- 3.74%
- 5Y*
- —
- 10Y*
- —
BSCV vs. LQDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BSCV Invesco BulletShares 2031 Corporate Bond ETF | -0.09% | 9.04% | 2.62% | 9.16% | -4.05% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 1.79% | 9.05% | 2.60% | 3.99% | -6.78% |
Correlation
The correlation between BSCV and LQDW is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2022 | 0.79 |
The correlation between BSCV and LQDW has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
BSCV vs. LQDW — Risk / Return Rank
BSCV
LQDW
BSCV vs. LQDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSCV | LQDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.56 | -0.66 |
| Martin ratioReturn relative to average drawdown | 6.03 | 9.52 | -3.49 |
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Drawdowns
BSCV vs. LQDW - Drawdown Comparison
The maximum BSCV drawdown since its inception was -23.28%, which is greater than LQDW's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for BSCV and LQDW.
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Drawdown Indicators
| BSCV | LQDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -9.20% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -2.59% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.75% | -6.74% | -0.01% |
Current DrawdownCurrent decline from peak | -1.40% | -0.03% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -2.32% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.70% | +0.08% |
Volatility
BSCV vs. LQDW - Volatility Comparison
Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) have volatilities of 1.15% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCV | LQDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.15% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 3.11% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 3.61% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.34% | 5.48% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.34% | 5.48% | +1.86% |
BSCV vs. LQDW - Expense Ratio Comparison
BSCV has a 0.10% expense ratio, which is lower than LQDW's 0.34% expense ratio.
Dividends
BSCV vs. LQDW - Dividend Comparison
BSCV's dividend yield for the trailing twelve months is around 4.70%, less than LQDW's 12.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BSCV Invesco BulletShares 2031 Corporate Bond ETF | 4.70% | 4.65% | 4.87% | 4.47% | 3.43% | 0.57% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 12.51% | 16.02% | 15.74% | 19.28% | 8.85% | 0.00% |
Frequently Asked Questions
BSCV and LQDW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQDW has higher volatility (1.15%) compared to BSCV (1.15%). In terms of maximum drawdown, BSCV dropped -23.28% vs LQDW's -9.20%.
On 3-year performance, BSCV leads with 5.70% vs 3.74% for LQDW. On fees, BSCV is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSCV has performed better with a 5.70% return vs 3.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCV is cheaper with a 0.10% expense ratio, compared with 0.34% for LQDW.
LQDW has the higher dividend yield at 12.51%, compared with 4.70% for BSCV.
BSCV tracks Invesco BulletShares Corporate Bond 2031 Index, while LQDW tracks CBOE LQD BuyWrite Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for BSCV and 0.34% for LQDW.
LQDW currently has the higher Sharpe Ratio (1.84 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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